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Bretton Woods Agreements Act

13th September 2021 • By

CONSIDERING that, at the United Nations Conference on Currency and Finance held in July 1944 in Bretton Woods, New Hampshire, United States of America, articles were drawn up, i.e. `fund agreement`, the agreement on the establishment and operation of an international body called the International Monetary Fund, which was held at the United Nations Monetary and Financial Conference held at Bretton Woods in New York. Hampshi in July 1944. has been established in the United States of America and the text of which appears in Part I of the list to this Act; The section is based on section 204 of Title II of P. 2416, Eighty-eighth Congress, as introduced on March 13, 1984 and Pub. L. 98-473 has been brought into force. The Minister may, by legislative order, make regulations that the Minister considers necessary for the Government to fulfill its obligations as a participant in the special drawing account. payments relating to the subscription of shares in the Bank in accordance with Article II of the Banking Agreement and the decision of the Board of Governors of the Bank concerning Uganda`s accession to the Bank;. The Minister is authorized, on behalf of the Government, to notify the International Monetary Fund of its acceptance of the amendment to the Funds Agreement and to execute a document certifying that the Government assumes all the obligations of a participant in the Special Drawing Account in accordance with the law of that account. 4. Financial provisions.

The provisions of Article 286b of this Title shall apply to the undertaking to the same extent as to the International Bank for Reconstruction and Development and the International Monetary Fund. 1989 – Éd. 101-240 at the end deleted “Reports relating to the enterprise referred to in Section 286b, Subsections (b) (5) and (6) of this Title, are included in the first and subsequent reports prepared under this Title after the United States has agreed to join the Company.” the payments to be made to each Member of the Fund in accordance with Annex D of the Fund Agreement (with respect to the withdrawal of Members of the Fund) or in accordance with Annex E to this Agreement (relating to the liquidation of the Fund); (b) contracts of exchange which concern the currency of a Member and which infringe the exchange control rules of that Member, maintained or imposed in accordance with this Agreement, shall not apply in the territory of a Member. . . .